Economy · 8 d ago
CoreWeave's slide raises warnings for the wider stock market
CoreWeave shares are down 41 per cent since Oct 6, after its bonds fell to distressed levels.
Economy
253 stories
The economy and business in short stories.
Economy · 8 d ago
Hotel Pika · CC BY-SA 2.0 · Wikimedia Commons
SpaceX locks in US$40 billion to finance AI chips
SpaceX disclosed a binding commitment for roughly US$40 billion in financing for AI chips and data centre equipment.
Economy · 8 d ago
DoorDash is in talks to buy Instacart in a US$17-billion deal
The deal could value the grocery-delivery platform at about US$17 billion, up from a market value near US$13 billion at Friday's close.
Economy · 8 d ago
Lula Oficial · CC BY-SA 2.0 · Wikimedia Commons
Brazil's real and stocks sink after Lula's re-election
The US dollar jumped 12 per cent against the real on Monday, to 5.60 reais.
Economy · 8 d ago
UK Prime Minister · CC BY 2.0 · Wikimedia Commons
Anthropic's IPO filing shows explosive growth, risks and staggering costs
Revenue reached US$16.3 billion in the first half of 2026, against US$4.6 billion for all of 2025. Net loss was US$80.7 billion, largely from a rise in the value of convertible bonds.
Economy · 8 d ago
Audi's CEO draws backlash for joining Trump at a campaign rally in Georgia
The head of Germany's IG Metall union, who is also deputy chair of Volkswagen's supervisory board, says CEO Gernot Doellner broke the company's rules.
Economy · 8 d ago
Anthropic files for a Nasdaq listing that could be the largest IPO ever
The offering could raise as much as US$100 billion, according to reports, which would top the US$86 billion SpaceX raised in June. The price and number of shares are not set, and the stock will trade as ANT.
Economy · 8 d ago
US retailers face record holiday delivery prices as fuel surcharges climb
Express parcel prices are forecast to jump 13.8 per cent from last year's fourth quarter, and ground deliveries 5.8 per cent, according to the TD Cowen/AFS Freight Index.